Business

ZB Bank, EA create business competition for youngsters 13 May 2019 © ZB Bank has partnered with Emergination Africa (EA) to come up with the National Business Case Competition which seeks to nurture young business talent across Zimbabwe. The competition, which kicked off in April and will run until the beginning of next month, is meant for secondary school learners
Mangudya, Masakui to grace smartech symposium 13 May 2019 © RESERVE Bank of Zimbabwe governor John Mangudya and Indian ambassador Rungsung Masakui are expected at a smartech symposium to be held next month in Harare aimed at driving economic growth through various new technologies.
Good news for gold producers 13 May 2019 © FIDELITY Printers and Refiners (FPR) has introduced an incentive for gold producers in the form of an inflated price to enhance deliveries, which have been subdued of late. This comes as government has set a gold production target of 40 tonnes for 2019 after FPR last year collected 33 tonnes.
Fidelity narrows its losses 13 May 2019 © FIDELITY Life Assurance (Fidelity) says it has cut its losses for the year ended December 31, 2018 by half from the prior comparable period on the back of a 44 percent increase in its gross premium income.
Zimre Holdings' after tax profit declines 13 May 2019 © ZIMRE Holdings' profit for the year ended December 31, 2018 of $3,55 million was 39 percent lower than $5,82 million achieved in 2017 largely as a result of reduced contribution from property and subdued investment income.
ZB, WorldRemit reap  rewards from partnership 13 May 2019 © LEADING international money transfer service WorldRemit, has seen a 40 percent surge in customers sending money to Zimbabwe for cash collection at ZB Bank locations in just one month only.
ZSE's top picks 13 May 2019 © OLD Mutual Securities (Omsec) has recommended five counters as top picks on the Zimbabwe Stock Exchange (ZSE) during the second quarter of the year.
Think-tank calls for action. . . as Zim growth rate is cut Corporate Zimbabwe's survival tactics 12 May 2019 © SEVERAL factors have combined to dampen Zimbabwe's economic growth prospects, according to a State of the Economy Report presented by Africa Economic Development Strategies (AEDS) in association with the Daily News last Tuesday.
Is AirZim's recapitalisation on right path? 12 May 2019 © OF late, there has been a lot of positive reportage on the Air Zimbabwe (AirZim) recapitalisation process.  I, however, do not share the same positivity about the AirZim re-fleeting strategy because doing so would be celebrating mediocrity. 
Strategic fleet planning crucial 12 May 2019 © THE strategic fleet planning strategy is a crucial process within the airline industry. It relates to decisions that airlines take on their fleet type/size. In the aviation Industry, these decisions are extremely important, being undoubtedly among the most important ones that senior executives...
Staff Monitored Programme to tackle urgent macroeconomic imbalances 12 May 2019 © ZIMBABWE, grappling with a deteriorating economy expected to plunge into recession this year, has agreed with the International Monetary Fund (IMF) on macroeconomic policies and structural reforms to underpin a Staff Monitored Programme (SMP) to extricate the economy from crisis. 
'Govt, private sector blame game pulling us backwards' 12 May 2019 © ANTHONY Mandiwanza, pictured, the group chief executive of Dairibord Holdings Limited believes that while the country's economy is under severe stress, it can turn around the corner if certain things are done. In this Question & Answer with the Editor-in-Chief of the Daily News on Sunday.
Warning against  price controls 12 May 2019 © ZIMBABWE'S struggling businesses have implored the government to desist from threatening markets as this risks plunging the economy into a fresh turmoil.
Coca-Cola appoints Mtikitiki 10 May 2019 COCA-COLA has appointed Phillipine Mtikitiki as general manager for the East and Central Africa Franchise effective June 1, 2019. The global beverages maker said Mtikitiki will be responsible for developing and managing the business strategy. [GoogleAd] The fast-moving consumer goods (FMCG)...
ZPC to cut power generation even further 10 May 2019 THE Zimbabwe Power Company (ZPC) says it will soon reduce power generation at Kariba South by 34 percent to 358 megawatts (MW) after the Zambezi River Authority (ZRA) cut the water allocation for electricity generation at the plant. [GoogleAd] The power utility had earlier indicated it had ...
Associated Foods invests US$1,5m 10 May 2019 ASSOCIATED Foods of Zimbabwe (Associated Foods) has entered the canned beans market after investing about US$1, 5 million in a modern production plant to produce Mama’s Baked Beans. [GoogleAd] The company, which specialises in the processing, packaging and distribution of a variety of lead...
Fingaz CEO reflects on 50 years in business 10 May 2019 THE Financial Gazette, Zimbabwe's leading business and financial news publication,  celebrated 50 years last week Friday, kicking off a week of celebrations, a public event and a special edition. The milestone, celebrated on World Press Freedom Day on May 3, makes the Financial Gazette Zimbabw...
'Inflation may recede to 15pc' 10 May 2019 A LOCAL economic think-tank sees the annual rate of inflation dropping to around 15 to 20 percent by year end. The think-tank — Africa Economic Development Strategies (AEDS) — made the projection at the inaugural State of the Economy Report presented by its director Gift Mugano in Harare on Tues...
Invictus share price up on Sable MoU 8 May 2019 INVICTUS Energy Limited (Invictus) share price went up 13 percent to trade at $0,042 yesterday after the Australia-based oil and gas exploration company signed a Memorandum of Understanding (MoU) with Sable Chemical Industries to progress gas supply from Cabora Bassa Project. [GoogleAd] Inv...
Zeco delays financials again 7 May 2019 PERENNIAL loss-maker Zeco Holdings (Zeco) has once again said it is delaying its release of its financials by up to a month, but didn't give reasons. At one point, it missed the deadline for 2014 results by about two months. In 2016, the engineering company was also suspended from the Zimbabwe ...
Munyeza calls for political dialogue 7 May 2019 HARARE businessman Shingi Munyeza has called for political dialogue between the main political actors in Zimbabwe's body politic, saying the discord between them is undermining efforts to revive the country's economy. Munyeza, who was invited as one of the panellists at the launch of the State o...
Choppies still chopped 7 May 2019 BOTSWANA-headquartered  supermarket chain Choppies says it is still progressing matters relating to the delay in the publication of the financial results for the year ended June 30, 2018. The delay resulted in the Johannesburg Stock Exchange (JSE) and the Botswana Stock Exchange (BSE) suspending ...
CBZ to consolidate property sector growth 7 May 2019 CBZ Holdings (CBZ), through its properties division CBZ Properties, has lined up various housing and office development projects worth over $40 million, as the group targets to consolidate its presence in the sector. [GoogleAd] Blessing Mudavanhu, the CBZ group chief executive, said the uni...
Potraz speaks on new data tariffs 6 May 2019 © ZIMBABWE'S telecommunication companies did not increase prices for out of bundle services but only revised the promotions they were offering, the regulator has said. 
POSB records $11,36m profit 6 May 2019 © PEOPLE'S Own Savings Bank (POSB) says its profit after tax for the year 2018 increased by 49 percent to $16,89 million from $11,36 in 2017, due to an increase in net income.
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